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Empowering Insolvency Resolutions: NCLAT’s Landmark Ruling Reshapes MSME Dynamics and CoC Primacy in the IBC Landscape

Introduction: In a significant judgment, the National Company Law Appellate Tribunal (NCLAT) has reaffirmed the paramount status of the Committee of Creditors (CoC) in the Insolvency and Bankruptcy Code (IBC) process. The case involved ETCO...

Taxpayer’s Delight: Clearing Small Demands, Easing Burdens!

On 1st February 2024, Finance Minister Nirmala Sitharaman announced during the interim budget the waiver of small outstanding demand under the Income Tax Act, 1961, Wealth Tax Act, 1957 or Gift Tax Act, 1958. The Income Tax department...

Appointing a Nominee Director: Process for Start-up companies and SME companies.

Who is the Nominee Director? A Nominee Director is a director in a company appointed by financial institutions, banks, or investors to represent their interests on the Board of Directors and monitor the activities of...

REITs and InvITs – Financing Urbanization and Infrastructure in India: A Comprehensive Insight

Picture this: you, the investor, have the power to own a slice of premiumreal estate or vital infrastructure projects without the hassle of propertymanagement or construction headaches. REITs and InvITs precisely offerthat – a...